Leading investment bank Nomura Holdings Inc. said Friday it has agreed to contribute USD 16 million to India's digital media and entertainment provider Real Image Media Technologies Pvt. Ltd.
The financing deal will allow Nomura to support the booming consumer services and media entertainment industry in India and thus contribute to the country's economic growth, the bank said.
Established in 1986, Real Image provides digital cinema technology solutions that address not just the needs of cinema houses for digital cinema equipment and content, but also encompass the needs of the media and in-cinema advertising industry in India, according to Nomura.
Real Image is spearheading the evolution of India's film industry from analog to digital cinema.
Source:Economic Times